Addition on account of payment of undisclosed commission - ...

Undisclosed commission charge dismissed as assessee's name absent in seized document; no evidence of extra payment.

April 28, 2020

Case Laws Income Tax AT

Addition on account of payment of undisclosed commission - addition cannot be made in the hands of the assessee for the reason that, firstly, the name of the assessee is not mentioned in the seized document; secondly, there is no corroborative evidence or any statement that the payment has been received by the assessee other than cheque amount as entered in the sale agreement; and lastly, on the bare perusal of the document it cannot be inferred or concluded that seized document belongs to or has any nexus with the assessee.

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Addition on account of payment of undisclosed commission - ...

Undisclosed commission charge dismissed as assessee's name absent in seized document; no evidence of extra payment.

April 28, 2020

Case Laws Income Tax AT

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